Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-03-19
THE DEAL IS CLOSED
WITH SOME PARTY, AND 1T Is THOUGHT
HAMILTON AND DAYTON
Men are the PurGhaSers-News FNm the South
Sully and Gould Left-Ths Purchasers Mort
gagiDg the B. & 0. in Advance
Apathy Pelt al Baltimore.

New YORK, March ls.-The World to
day says; There is every reason to believ,
that Mr. Henry Grady, of the atlanta Con
StitutiOR, has sccess to authoritative infor
nation as to the arrangement in regard tC
the sale of the Baltimore and Ohio from in
fuential Southern railroad friends in New
York, and that the following statement
sent by the New York correspondent to the
Consultation is based upon the facts:
''The dickering is done. The squabbl,
is over, and the B. & .. deal is closed
This is not a mere rumor, but an actua
fact. The deal has been positively effected
aud Mr.. Gs.,ett has decided a controlling
interest in his great railroad property tC
new comers. Who the purchasers are is yet
held in profound secrecy, but some names
that have been prominently connected with
the recent negotiations are not down on
the list. Mr. Sully has nothing to do with
the purchase and does not, probably, even
know of it as yet. Neither has Mr.. Gould
any interest in the trade, nor is the Termi.
nal Company in its corporate capacity q
buyer, but at the same time some of the
leading members of the Terminal manage
ment are Individually interested.
"When this matter is generally known,
and the mystery cleared up, it will more
than likely have q stimulating effect on
the general stock market, and the tape will
probably record considerably higher prices
for the majority of active stocks. The alb
sorbing interest in this subject of late, and
the perplexing uncertainty in the matter
has been decided damper on speculation,
aud tended to materially check the volume
OF trade in the exchange.
with regard to the future presidency of
the Terminal Company it is now generally
known that Mr.. John liinman has posi-
itively declined to entertain the idea of ac-
cepting it, and to-day's rumOr is that Mr..
K. S. Hayes, formerly manager Of Gould's
Missouri Pacific system, has been solicited
to take the position and that he is consid-
ering the matter favorably. Mr.. Hayes
uS u IdlllOtu llldll VI
mate ability is uudisputed, and the sug
gestion of his name is received with such
universal favor that it is even possible that
Mr.. Sully would be willing to resign in
his favor"
THE sTA(SER-IvEs MEN.
To-day the statement was given out, ap-
parently by good authority, in Wall street
that the negotiations for the purchase of
the Z. 4 .. Railroad had been completed; !;
that that road had been bought by the
syndicate; that the first de-
post of $500, 900 had already been paid,
and that the transfer of the road To the
purchasers wOuld soon be made. The buy
ers are known only by their connection
with the purchase of the Cincinnati, Ham
ilton and Dayton Railroad. The backer Of
these parties is reported to be Christopher
Meyer, the millionaire rubber manufaC
tuTer, of this city. There aIe
1t is asserted, no other parties
back of the purchase of any importance,
and although c. p HuntingtOn's name is
coupled with the Hamilton and Dayton
railroad, he officially denies the connection,
and those nearest TO him assert to their
personal friends that he has no connection
whatever with the syndicate. The parties
holding the option on the road at first ask
ed an extension, nut when Mr.. Garrett
explained that such large block could not
remain tied up they withdrew their re-
quest.
4 prominent member of
THE RICHMOND TERMINAL
makes the following statement: The ru-
mors of dissension in the Board of Direc-
tors are absolutely unfounded, and the
utmost confidence in President Sully pre-
walls among the members, and the EXecu-
tive Committee recently appointed was
intended TO aud does harmOnize all ele-
ments represented in the board. In taking
from Mr.. Garrett an option tOpurchase the
control of the b. K q. railroad, in behalf
of Richmond and West Point Terminal
road, Mr.. Sully acted for the best interests
of that company and with the knowledge
Of all the members Of the board, and then
the ouly hesitation on the part of the Ter
minal people to conclude the bargain with
Mr.. Garrett was that not sufficient time
had been given to make thorough exam
ination of the property TO he acquired. y
sULLY TALKS.
For the first time since the b. and o.
deal has been pending Mr.. Sully to-day
broke his silence so far ~ to say: Yes |
see that other parties claim 10 have pur-
chased the control of the g. * o. | think
they have made deposits on account. When
the Terminal company decided not to eXer-
else their option told the L. and L. Il o.
people thar while we unanimously desired
TO combine our terminal property with b.
& q. property, yet we could not ask them
TO consider themselves in any way bound
10 Leave the matter. Therefore, If any dis
position has been made, it is perfectly
proper and right. ] believe the amalga-
nation of dividend earning railroads into
strong systems cannot but add strength,
power and increased earnings, with result
ing economy"
LOAN or 81, 10000
on the Cincinnati, Hamilton & Dayton
stock is reported TO have been made to a
syndicate the money to be used in payment
of the B. q o. stock.
All other railrsad and telegraphic
officials say they have no interest in the
deal. The purchase is believed TO be for
speculative purposes only. 1t is stated
that the purchasers are busily engaged in
attempts to raise the balance of the ST.
600, 900 which is to be paid on Monday.
1t is also alleged that they are mortgaging
the Baltimore & Ohio property beforehand
in order to raise the money, and that rs
soon as they can get control disintegratiOn
OF the road will begin.
Apathy at Baltimore.
BALTIMORE, March 1s.-The announce
ment that the deal for the i. Il .. railroad
was probably concluded has created little
interest in Baltimore. For several days